
[Federal Register Volume 79, Number 184 (Tuesday, September 23, 2014)]
[Notices]
[Pages 56834-56835]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-22547]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

Extension:
    Rule 10A-1, SEC File No. 270-425, OMB Control No. 3235-0468.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Rule 10A-1 (17 CFR 240.10A-1) implements the reporting requirements 
in Section 10A of the Exchange Act (15 U.S.C. 78j-1) which was enacted 
by Congress on December 22, 1995 as part of the Private Securities 
Litigation Reform Act of 1995, Public Law No. 104-67, 109 Stat 737. 
Under section 10A and Rule 10A-1 reporting occurs only if a 
registrant's board of directors receives a report from its auditor that 
(1) there is an illegal act material to the registrant's financial 
statements, (2) senior management and the board have not taken timely 
and appropriate remedial action, and (3) the failure to take such 
action is reasonably expected to warrant the auditor's modification of 
the audit report or resignation from the audit engagement. The board of 
directors must notify the Commission within one business day of 
receiving such a report. If the board fails to provide that notice, 
then the auditor, within the next business day, must provide the 
Commission with a copy of the report that it gave to the board.
    Likely respondents are those registrants filing audited financial 
statements under the Securities Exchange Act of 1934 (15 USC 78a, et 
seq.) and the Investment Company Act of 1940 (15 USC 80a-1, et seq.).
    It is estimated that Rule 10A-1 results in an aggregate additional 
reporting burden of 10 hours per year. The estimated average burden 
hours are solely for purposes of the Paperwork Reduction Act and are 
not derived from a comprehensive or even a representative survey or 
study of the costs of SEC rules or forms.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC

[[Page 56835]]

20549, or send an email to: PRAMailbox@sec.gov.

    Dated: September 17, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-22547 Filed 9-22-14; 8:45 am]
BILLING CODE 8011-01-P


